Mobile banking in rural Himachal soon: CM

Shimla: Himachal CM, PK Dhumal today said Himachal would soon introduce mobile banking in rural areas to provide banking facilities to the people at their door steps. This was disclosed by the CM after holding a meeting with Executive Director, UCO Bank in Shimla today.

Dhumal said that the decision of Union Finance Ministry to launch mobile banking services was a welcome step to attract more customers opt for banking operations.With the introduction of mobile banking services by UCO Bank, beginning from district Shimla, people in the periphery of about 20 km radius, especially the villages unconnected with banking services, would be benefitted.

The Chief Minister said that the mobile banking vans would be equipped with ATM facilities to the card holders and facilities to illiterate people to deposit or withdraw money besides brail facility to the visually impaired customers. =

Ajay Kumar, Executive Director UCO Bank said ‘Banking Correspondent’ facilities would also be made available to the people. Under the scheme a banking correspondent would be appointed by the bank and authorized to disburse and collect payments from the account holders and opening the accounts through biometric system to ascertain the identity of the customers.

He said Himachal Pradesh had best credit deposit ratio in the country and recovery rate was above 85 percent which had made it a role model for rest of the country.